1 volume (various pagings) : 26 cm

The Economics of Money, Banking, and Financial Markets represents the most extensive revision to date of this market-leading textbook. Drawing from his service as Executive Vice President and Director of Research at the Federal Reserve Bank of New York, Mishkin provides fresh, thoroughly updated coverage of and many new insights into the monetary policy process, the operation of the Federal Reserve, the regulation and supervision of the financial system, and the internationalization of financial markets. He provides an applications-oriented perspective with numerous applications and special topic boxes that increase students' interest by showing them how to apply theory to the real world. In addition, Mishkin provides a careful, step-by-step development of models, an approach found in the best principles of economic textbooks, that makes it easier for students to learn. Over 400 end-of-chapter problems aid in reinforcing the essential chapter content

Supplemented by a subscription to a companion web site

Includes bibliographical references and index

Part I. Introduction. 1. Why Study Money, Banking, and Financial Markets? --- 2. An Overview of the Financial System --- 3. What Is Money? ---- Part II. Financial Markets. 4. Understanding Interest Rates --- 5. The Behavior of Interest Rates --- 6. The Risk and Term Structure of Interest Rates --- 7. The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis ---- Part III. Financial Institutions. 8. An Economic Analysis of Financial Structure --- 9. Banking and the Management of Financial Institutions --- 10. Banking Industry: Structure and Competition --- 11. Economic Analysis of Banking Regulation --- 12. Nonbank Finance --- 13. Financial Derivatives ---- Part IV. Central Banking and the Conduct of Monetary Policy. 14. Structure of Central Banks and the Federal Reserve System --- 15. Multiple Deposit Creation and the Money Supply Process --- 16. Determinants of the Money Supply --- 17. Tools of Monetary Policy --- 18. Conduct of Monetary Policy: Goals and Targets ---- Part V. International Finance and Monetary Policy. 19. The Foreign Exchange Market --- 20. The International Financial System --- 21. Monetary Policy Strategy: The International Experience ---- Part VI. Monetary Policy 22. The Demand for Money --- 23. The Keynesian Frameworks and the ISLM Model --- 24. Monetary and Fiscal Policy in the ISLM Model --- 25. Aggregate Demand and Supply Analysis --- 26. Transmission Mechanisms of Monetary Policy: The Evidence --- 27. Money and Inflation --- 28. Rational Expectations: Implications for Policy

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